Specialist Risk Group (SRG) has announced the acquisition of the ongoing renewal rights of Morton Insurance Brokers, a leading specialist in hire car and taxi insurance across the UK since 1987. This latest acquisition strengthens SRG’s retail pillar, Specialist Risk Insurance Solutions (SRIS), and expands its offering in the UK taxi insurance market.
London-based Morton Insurance Brokers provides insurance solutions to private hire car and taxi companies across the UK. The company said its expertise in this niche market perfectly complements SRG’s existing capabilities in the taxi sector, particularly through Cabsurance, SRIS’s business specialising in insurance for London taxis.
The integration of Morton Insurance Brokers into SRIS will create a comprehensive and unrivalled offering for taxi and hire car operators across the UK, giving them access to a wider range of insurance products and a more robust support system, the company said.
Lee Anderson, Deputy CEO of SRG Group, said: “We are delighted to have acquired the renewal rights of Morton Insurance Brokers, a respected name in the private hire car and taxi insurance market. This acquisition allows us to further expand our presence in the UK taxi sector and build on the success of our Cabsurance offering. By bringing together the expertise of Morton and Cabsurance, we can offer even more comprehensive and tailored insurance solutions to taxi operators across the country, ensuring they have the protection and support they need.”
“We are delighted to be working with Specialist Risk Group, a company that shares our commitment to exceptional service and expertise,” said Adrian Morton, Managing Director of Morton Insurance Brokers. “This is an important step for our customers as we look forward to working with the Cabsurance team to develop a leading taxi offering for fleets and drivers across the UK.”
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